Frugalism
Frugalism or frugality is also known as thriftiness-a term often confused with a sense of cheapness, miserliness.
It is, in fact, a traditional lifestyle, value system or belief system in which an individual practices both the restraint in acquiring and the use of economic goods and services in order to achieve more fulfilling and lasting goals.
In a monetary society, Frugalism emphasizes the economic use of money in meeting personal, familial and communal desires. Frugalism is also associated with the avoidance of waste.
See also